Barclays: European stocks have priced in a Trump victory

BlockBeats news, on October 24, less than two weeks before the US election, Barclays Bank said that European stock markets have already reflected the possibility of Trump's victory. The company said that since the beginning of this spring, a basket of European exporters, that is, those companies most vulnerable to tariffs, have lagged behind the benchmark Stoxx Europe 600 index by 15%.

Barclays expects Trump's tariffs to drag down S&P 500 earnings per share by 3.2% next year. In addition, retaliatory measures will have an additional 1.5% blow to S&P 500's future earnings per share. The report also pointed out that if Harris wins, European markets may rebound. Her policies will also promote the development of clean energy and renewable energy in the region, which have performed poorly due to the possibility of Trump's victory. (Jinshi)